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Kohl's Stock Slumps After Retailer Guts Full-Year Profit Forecast As Shoppers Feel Inflation Squeeze

“Second quarter results were impacted by a weakening macro environment, high inflation and dampened consumer spending, which especially pressured our middle-income customers," said CEO Michelle Gass.

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THUMB Traders JS

Wall Street is trimming bets on big Fed rate hikes following yesterday's minutes, but stocks are drifting lower in early Thursday trading.

Wall Street seems to be adopting a dovish take to the most recement Fed minutes Thursday, trimming bets on big rate hikes and pushing stocks modestly higher in pre-market trading.

Stanley Druckenmiller Lead KL

Famed Investor Druckenmiller Dumps Amazon

Stanley Druckenmiller, a former colleague of George Soros, bought and sold several stocks in the second quarter.

Six Flags Bids for Peer Theme-Park Operator Cedar Fair: Report

Six Flags CEO Under Fire as Theme Parks Struggle

Six Flags CEO Selim Bassoul contends with controversial comments, disappointed analysts and anonymous calls that he step down.

Burger King Restaurant Lead KL

Burger King's New Whopper is so Special, You Need a Reservation

The fast-food giant keeps taking the Whopper places it has never gone and the latest menu item may be the most unique off all.

Sarepta

Did Sarepta Therapeutics Just Unveil a Breakthrough?

The leading gene therapy developer just bolstered its technology platform.

Michael Burry Lead JS

Mr. Big Short Michael Burry Makes a Shocking Decision

The investor, who successfully bet against the U.S. mortgage market before the 2008 financial crisis, has just made a huge gamble.

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Fed Minutes Lean on Inflation, Jobs Data For Rate Hike Direction

The Fed thinks higher rates, for a longer period of time, may be needed in order to tame the fastest consumer price inflation in four decades.

Jennifer King Lead

Here's How Much Pro Sports Teams Are Losing From Empty Seats

Empty stadiums mean lost opportunity for revenue. Here's a list of which teams lose the most money every home game.

McDonald's Lead JS

McDonald's Menu Brings Back a Fan Favorite (Catch 'Em All)

The fast-food chain made a surprise move that's going to make a lot of its customers happy (and nostalgic).

Norwegian Cruise Line Lead JS

Norwegian Embraces Something Royal Caribbean and Carnival Don't

Norwegian Cruise Line has decided that its future won't be the same as its present, and it's making some changes as it adds a new ship class.

Wendy's Lead JS

Wendy's Follows McDonald's in Making a Huge Change

Restaurants are moving to adapt to customers with very different wants and desires.

TheStreet Financial Channels

Kohl's Lead JS

Kohl's Stock Slumps After Retailer Guts Full-Year Profit Forecast As Shoppers Feel Inflation Squeeze

“Second quarter results were impacted by a weakening macro environment, high inflation and dampened consumer spending, which especially pressured our middle-income customers," said CEO Michelle Gass.

THUMB Traders JS

Wall Street is trimming bets on big Fed rate hikes following yesterday's minutes, but stocks are drifting lower in early Thursday trading.

Wall Street seems to be adopting a dovish take to the most recement Fed minutes Thursday, trimming bets on big rate hikes and pushing stocks modestly higher in pre-market trading.

Jim Cramer -- Sell Bed Bath If Shares Rally on Earnings

Bed, Bath & Beyond Stock Dives As Ryan Cohen Moves to Sell Entire Stake

Ryan Cohen, who pushed for changes at Bed, Bath & Beyond including the ouster of CEO Mark Tritton, is looking to dump his entire 11.8% stake in the struggling home retailer.

Wall Street Lead
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A Major Change Is Coming to Wall Street and Corporate America

The Democrats have just pulled off an unprecedented coup that will displease investors and financiers.

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Beware of This Retirement Tax Trap

Tax deferral can lead to having too much of a good thing. Our tax pro explains with examples how you can avoid this retirement planning mistake

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How to Fix or Amend Your Tax Return

Tax mistakes can happen. So, what happens when you need to correct or amend a tax return? Our tax pro gives a step-by-step guide.

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Gold and Silver: The Role of Mining Supply

Gold and silver are negatively sensitive to changes in each other’s mining production.